Ukraine Creates Antonov-Led Corporation Similar To Boeing And Airbus Corporations

The Ukroboronprom state defense concern has created a Ukrainian aircraft-manufacturing corporation headed by the Antonov state aircraft manufacturing enterprise, the press service of the concern announced.

In addition to Antonov, the corporation includes the Ukrainian Scientific Research Institute for Aviation Technology (UkrNIIAT), the Novator state enterprise, the Kharkiv Machine Building Plant, the Kharkiv Engine Design Bureau, and the Mayak Factory.

Mykhailo Hvozdev, who has been the president of the Antonov state aircraft manufacturing enterprise since June 2015, has been appointed as the corporation’s chairman.

According to the press service, the number of companies in the corporation will be increased in the future, with enterprises of any form of ownership able to join. “Ukroboronprom is introducing the successful management experiences of the Boeing and Airbus international aircraft manufacturers, which operate specifically under such structure," the press service said.

Ukroboronprom believes that creation of an aircraft-manufacturing cluster will allow better coordination of the development of the industry, deeper integration into the global market, and introduction of international standards. The corporation’s enterprises are expected to cooperate with other companies to accelerate the process of import substitution.

"The main advantage of a cluster is that by uniting, enterprises have joint planning of serial production, a single center for procurement of materials and components, and joint product marketing and sales," the press service of Ukroboronprom said.

As reported, the Antonov state aircraft manufacturing enterprise was part of the Antonov Aircraft Manufacturing Concern along with the Kharkiv aircraft plant and the Kyiv 410 GA Plant. The Antonov state aircraft manufacturing enterprise became part of Ukroboronprom in April 2015 while remaining a state-owned enterprise. The Kharkiv aircraft plant and the Kyiv 410 GA Plant later became part of Ukroboronprom while the Cabinet of Ministers liquidated the Antonov Aircraft Manufacturing Concern.